Global Equity Indices

Market shall be positive till ECB meeting. Post ECB meeting, negative trend shall be observed in stock market. Next day, market is again in negative sentiment.

Next week shall also prove to be negative for the stock market.

In case post ECB meeting, positive trend is seen today – still we anticipate declining trend from next day which shall turn into a considerable correction in next week. This weakness with ups and downs shall continue till first week of April 2016.

At higher levels (1998-2010), you can build short position in S&P 500 FUT and hold it for next week.

TODAY’S TRADING RANGE:

• DOW (FUT):17090-16950
• S&P 500 (FUT): 2005-1984
• NASDAQ (FUT): 4330-4290
• FTSE (FUT):6200-6090
• CAC(FUT):4470-4400
• DAX(FUT):9850-9650
• AEX(FUT):440-430
• HENG SENG(FUT):20250-19950

PRECIOUS METALS

Bullion shall be positive for the day. It can shoot up to 1268-1278. Around 1244-1246, you can long GOLD. Post UK opening, bullion shall enter into a bullish run.

It is then advisable to build short position in bullion at higher level. Next day, the entire bullishness observed would be reciprocated with an equally negative trend.

TRADING RANGE:

• GOLD: 1245-1268-1278
• SILVER: 15.20-15.60

INDUSTRIAL METALS

Sell copper at higher level (2.22-2.25). A trend reversal is indicated.

Next day and week are in declining mode for copper.

TRADING RANGE:

– COPPER: 2.25-2.20

CRUDE OIL

It is the last day of bullishness in crude oil. It can move up to 39-40. From next day, declining trend is anticipated.

In next week, sharp fall is predicted.

NG

NG made a high of 1.78. You are advised to hold long position for target 1.95-2.05 in coming days.

TRADING RANGE

• CRUDE: 39.50-37.50
• NG : 1.72-1.82

EURO

EUR/USD shall be in negative mode till the ECB meeting. After ECB meeting, it shall move up.

USD/INR

Long USD/INR with stop loss 66.80 for target 68.50 in next week.

DOLLAR INDEX

Dollar index shall first move up and post ECB, it’ll decline.

TRADING RANGE:

• EUR/USD: 1.0880-1.1050
• USD/INR: 67.10-67.50
• DOLLAR INDEX: 97.60-97.00

US TREASURY BONDS

Bonds shall trade in mixed trend for the day. It is advisable to long treasury bonds at lower levels (US 10 YEAR @ 1.92 & US 30 YEAR @ 2.69-2.70).

INDIAN STOCK MARKET

Indian market shall be highly volatile for the day. Mixed trend is seen but market may seem to be supportive. From next day, downside trend shall start – which will continue for next week.

It is the last day of bullishness in Indian stock market. In next week, sharp decline is expected.

TRADING RANGE:

• NIFTY FUT: 7580-7450
• BANK NIFTY: 15500-15100

It is advisable to make 50% short position at today’s closing hour and rest 50% tomorrow.

Nifty Fut may decline to 7350-7250 in coming days.

INTRADAY BUY:

• CONCOR
• ONGC
• RELIANCE CAPITAL
• RELIANCE INFRA
• LIC